WCG Wealth Advisors LLC acquired a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 220,051 shares of the company’s stock, valued at approximately $7,493,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of KWEB. SBI Securities Co. Ltd. grew its stake in KraneShares CSI China Internet ETF by 634.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after purchasing an additional 723 shares in the last quarter. JPL Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF in the third quarter worth approximately $34,000. Fortitude Family Office LLC bought a new position in KraneShares CSI China Internet ETF in the fourth quarter worth approximately $45,000. Compagnie Lombard Odier SCmA bought a new position in KraneShares CSI China Internet ETF in the fourth quarter worth approximately $45,000. Finally, International Assets Investment Management LLC bought a new position in KraneShares CSI China Internet ETF in the fourth quarter worth approximately $49,000.
KraneShares CSI China Internet ETF Stock Down 3.9%
Shares of NYSEARCA:KWEB opened at $27.22 on Thursday. KraneShares CSI China Internet ETF has a 52-week low of $26.23 and a 52-week high of $43.37. The stock has a market cap of $6.12 billion, a P/E ratio of 15.95 and a beta of 0.36. The business’s 50 day moving average is $28.51 and its 200 day moving average is $32.38.
About KraneShares CSI China Internet ETF
The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.
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